Is there a Bearish outlook for Forum Energy Technologies, Inc. (NYSE:FET) this week?

November 10, 2018 - By olga

Investors sentiment decreased to 1.16 in 2018 Q2. Its down 0.04, from 1.2 in 2018Q1. It dropped, as 14 investors sold Forum Energy Technologies, Inc. shares while 42 reduced holdings. 17 funds opened positions while 48 raised stakes. 94.23 million shares or 0.23% less from 94.45 million shares in 2018Q1 were reported.
Citigroup accumulated 0% or 1,468 shares. Schroder Invest Mgmt Group holds 0.01% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET) for 359,940 shares. Schwab Charles Inv Management accumulated 737,441 shares. Clearbridge Lc reported 0.01% stake. Financial Bank Of America Corp De invested in 0% or 889,368 shares. Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in Forum Energy Technologies, Inc. (NYSE:FET). Proshare Advsrs Lc reported 0% in Forum Energy Technologies, Inc. (NYSE:FET). Metropolitan Life Insur stated it has 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET). Contrarius Invest Management holds 500,540 shares. Waddell Reed Finance invested in 1.26M shares or 0.04% of the stock. Wealthtrust invested 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET). Sei Investments reported 12,912 shares. Piedmont Inv Advsrs reported 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET). Moreover, Viking Fund Mgmt Ltd has 1.31% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 550,000 shares. Fmr Limited Liability Corporation reported 0% stake.

Forum Energy Technologies, Inc. (NYSE:FET) Ratings Coverage

Among 5 analysts covering Forum Energy Technologies (NYSE:FET), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Forum Energy Technologies had 7 analyst reports since August 1, 2018 according to SRatingsIntel. As per Tuesday, October 2, the company rating was upgraded by Simmons & Co. The company was maintained on Friday, September 14 by Citigroup. The rating was maintained by Credit Suisse on Wednesday, October 31 with “Neutral”. JP Morgan maintained Forum Energy Technologies, Inc. (NYSE:FET) rating on Monday, September 17. JP Morgan has “Neutral” rating and $13 target. On Wednesday, October 31 the stock rating was maintained by Citigroup with “Neutral”. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, August 1 report. Below is a list of Forum Energy Technologies, Inc. (NYSE:FET) latest ratings and price target changes.

31/10/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $10 Maintain
31/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $13 New Target: $10 Maintain
02/10/2018 Broker: Simmons & Co Old Rating: Neutral New Rating: Overweight Old Target: $13.25 New Target: $12.5 Upgrade
19/09/2018 Broker: Morgan Stanley Rating: Equal-Weight New Target: $13 Initiates Coverage On
17/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $13 Maintain
14/09/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $14 New Target: $13 Maintain
01/08/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $13 Maintain

The stock decreased 1.95% or $0.16 during the last trading session, reaching $8.03. About 1.68 million shares traded or 85.17% up from the average. Forum Energy Technologies, Inc. (NYSE:FET) has declined 14.34% since November 10, 2017 and is downtrending. It has underperformed by 29.96% the S&P500.

Forum Energy Technologies, Inc. designs, makes, and distributes products to the oil and natural gas industry in the United States and internationally. The company has market cap of $871.14 million. The firm operates in three divisions: Drilling & Subsea, Completions, and Production & Infrastructure. It has a 18.09 P/E ratio. The Drilling & Subsea segment creates and makes products, and provides related services to the drilling and subsea construction markets.

More important recent Forum Energy Technologies, Inc. (NYSE:FET) news were published by: Seekingalpha.com which released: “Forum Energy Technologies’ (FET) CEO Prady Iyyanki on Q3 2018 Results – Earnings Call Transcript” on October 30, 2018, also Globenewswire.com published article titled: “Report: Exploring Fundamental Drivers Behind Cloud Peak Energy, American Electric Power, Forum Energy …”, Streetinsider.com published: “Forum Energy Technologies (FET) Tops Q3 EPS by 1c, Revenues Miss” on October 29, 2018. More interesting news about Forum Energy Technologies, Inc. (NYSE:FET) was released by: Seekingalpha.com and their article: “More on Forum Energy Technologies Q3 results” with publication date: October 30, 2018.

Forum Energy Technologies, Inc. (NYSE:FET) Institutional Positions Chart

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